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Home My WebLink AboutCOM 0912.000 2016-2018 Harry Kims F N�'', Deanna S. Sako ' Director Mayor _ .��'`'rt ��,I�,• ,� . - _ = Nancy Crawford ••_= Deputy Director •- F OF M • �• County of Hawaii Finance Department 25 Aupuni Street;Suite 2103 • Hilo,Hawai`196720" (808)961-8234 • Fax(808)961-8569 April 20, 2018 Valerie Poindexter, CouncilChair:and tri .. Members of the Hawaii County Council :." . Hawai`i County Council 25 Aupuni Street CD Cr Hilo, Hawai i 96720 • Re: Operating Budget T = . Pursuant to Sections 10-15 and 10-16-of the County Charter, 2% of real property tax revenues, (including penalty and interest)must be transferred from the General Fund to.the Public.Access/Open Space, and Natural Resources Preservation (PONC)Fund, and .25% of these tax revenues must be transferred to the Public Access/Open Space,.and Natural Resources Preservation Maintenance Fund. Real property tax interest revenues are expected to exceed the amount budgeted for FY 2017-18, requiring additional funds be transferred into the PONC and PONC Maintenance accounts in order to maintain compliance. Enclosed is a bill for an Ordinance amending the Operating Budget by appropriating $20,000 to the Public Access/Open Space,"and.Natural Resources Preservation Fundand $2,500 to the Public Access/Open Space, and Natural Resources Preservation Maintenance Fund. In order to ensure that thetransfer may be done by the deadline as required by the County Charter, we are requesting that this billbe waived from the Finance Committee and to place it on the May 9, 2018 Council Agenda. If there are any questions, please do not hesitate to call Kay Oshiro of the Finance Department.at 961-8425. Deanna S. Sako Director of Finance Enc. , . Comm. No. q(.Z. c: Ka Oshiro Ref. To: C LEG4FC-) y Ref. Date APR 2 5 2.013 < aI 14'> Hawai'i County is an Equal Opportunity Employer and Provider Form #: B-52 7/18/91 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION DEPARTMENT: Finance DATE: 4/13/18 STAFF CONTACT: Kay Oshiro PHONE: x8425 A. REQUEST: To amend the FY 18 General Fund operating budget by increasing revenues and appropriations by the following: Increase Real Property Tax Interest estimated revenues by $22,500.00 Increase appropriation Transfer to Public Access/Open Space Preservation Fund by $20,000.00 Increase appropriation Transfer to Public Access/Open Space Preservation Maintenance Fund by $2,500.00 B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): Real property tax interest revenues are expected to exceed the amount budgeted, which would then cause the budgeted appropriations for the transfers to the Public Access/Open Space Preservation Fund and the Public Access/ Open Space Preservation Maintenance Fund to be insufficient. SIGNED: DATE: tg 3 fg Department Head MAILE MEDEIROS DAVID 'oJNz ,Us A.. ' AARON S.Y. CHUNG Chairperson • �'• -^ `�,�%• DRU MAMO KANUHA • • ,�//, ;. SUSAN L.K.LEE LOY KAREN EOFF '-"` = - • EILEEN O'HARA Vice Chair +r,�.....................� • VALERIE T.POINDEXTER TEHERBERT M."TIM"RICHARDS,III JENNIFER RUGGLES HAWAI`I COUNTY COUNCIL County of Hawai`i Hawai`i County Building 25 Aupuni Street Hilo,Hawai`i 96720 April 20, 2018 Valerie T. Poindexter, Chairperson Hawai`i County Council 25 Aupuni Street Hilo, Hawai`i 96720 RE: Bill No. 141 : AN ORDINANCE TO AMEND ORDINANCE NO. 17-39, AS AMENDED, THE OPERATING BUDGET FOR THE COUNTY OF HAWAII FOR THE FISCAL YEAR ENDING JUNE 30, 2018 RELATING TO THE TRANSFER OF FUNDS TO THE PUBLIC ACCESS, OPEN SPACE AND NATURAL RESOURCES PRESERVATION FUND. Pursuant to Section 2(g) of Rule 4 of the Rules of Procedure of the Council of the County of Hawai`i, this written request is submitted with my approval that the above-referenced matter be waived from the Committee on Finance to the full Council for immediate action. In reviewing this matter, timely approval is crucial. It is therefore advantageous that approval is granted and the matter be placed onto the next Council agenda for review. However, in the event this request is denied, for whatever reason, I understand the matter shall be referred to the Committee on Finance for placement on its future agenda. Sincerely, fate 1319- Maile David, airperson Committee on Finance Approved/Da -/Waive to Council: Disapproved/Date/Refer to FC: • ' APR 2 . 18 Valerie T. Poindexter, Chairperson Valerie T. Poindexter, Chairperson Hawai`i County Council Hawai`i County Council MD/dm Hawai`i County is an Equal Opportunity Provider and Employer